Jost-Werke AG : Declining agricultural business remains a drag on the group’s performance
>We are expecting the usual softer Q4 seasonality, but delivery on FY 23 targets - Jost released mixed Q3 2023 results and cut its FY 2023 sales guidance in early November. Their disappointing Q3 2023 sales performance was mainly driven by the company’s Agricultural business, which declined by 35% excluding FX effects in the quarter under review, while Jost’s Transport business showed a stable performance with a y-o-y organic sales growth rate of +5%. Jost’s updated F...JOST Werke AG is a Germany-based company that manufactures truck and commercial vehicle components. The Company provides a wide range of products, such as fifth wheel couplings, telescopic landing gears and accessories for semi trailers, ball bearing turntables, king pins, and container locks and components for alternating systems; towing hitches and drawbar eyes for both transporters and trucks, as well as for use in the agricultural industry; and towing drawbars for both road and agricultural use. The Company's products clustered in three systems: Vehicle Interface (focusing on products required to operate a commercial vehicle combination of trucks and trailers such as fifth wheels and landing gears), Handling Solutions (including container technology and hydraulic cylinders products) and Maneuvering (focusing on truck and trailer axles and forced steering).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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